Abstract
Purpose
The research aims to assess and evaluate the techniques used in
managing risks in South African construction projects, the effectiveness of
risk management techniques that are currently in use and the factors that
influence the use of risk management by contractors in their projects.
Methodology
The data used in this paper were derived from both primary and secondary
sources. The primary data was obtained through the use of a structured
questionnaire survey. This was distributed to Contractors operating in
Gauteng province. One hundred and eight structured questionnaires were
used for the survey. Out of the 108 questionnaires sent out, all were
received back representing 100% response rate, these formed the basis of
the analysis for the paper. The secondary data for the study was derived
from the review of literatures.
Findings
The empirical studies have identified that risk management in the South
Africa construction is mostly influenced and affected by the size of
company, education and experience of construction company and
managers. The study also revealed that the majority of South African
contractors are aware and make use of the structured process of risk
management.
Value
The study contributes to the body of knowledge the use of risk
management in the South African construction industry.